A Quote by John Kenneth Galbraith
More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.
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If there must be madness, something may be said for having it on a heroic scale
If we marvel at the artist who has written a great book, we must marvel more at those people whose lives are works of art and who don't even know it, who wouldn't believe it if they were told. However hard work good writing may be, it is easier than good living.
Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.
They say 6 million people see you when you act in a film; it may only be 600 in a play. But the effect on the 600 may be truer and more lasting.
Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.
By over-all planning, we mean planning which takes into consideration the interests of the 600 million people of our country. In drawing up plans, handling affairs or thinking over problems, we must proceed from the fact that China has a population of 600 million people, and we must never forget this fact.
When I was elected Governor, we had an audacious agenda that naysayers said couldn't be enacted with a Democrat majority in the state legislature. However, we worked across party lines and enacted historic reforms. Working together, we cut taxes by more than $600 million.
And out of the blue, I got a call from an editor friend at Knopf and she said that they were interested in putting out an update for their vintage paperback line. So I was more than thrilled and it was suggested that perhaps I could do a 1,000 word new introduction covering what's happened with the whole Warhol thing since 1990 when the first edition hardcover came out and, uh, that was about August 1st and I sat down at my computer here in East Hampton and on on August 30th I'd written almost 10,000 words!
Today, 8 million adult Americans, more than the entire population of Michigan, have not finished 5 years of school. Nearly 20 million have not finished 8 years of school. Nearly 54 million - more than one-quarter of all America - have not even finished high school.
That in you which recognizes madness as madness (even if it is your own) is sanity, is the arising awareness, is the end of insanity.
Now, in an analysis of campaign finance filings by Politico we learned the [Donald] Trump campaign has paid Trump businesses more than $8 million so far in this race, that includes $1.3 million in rent for campaign offices, half a million for food and facilities for events, over $300,000 for corporate staffers, and nearly $6 million for the use of Trump`s private plane.
I'd been acting and doing stand-up in New York about eight years, getting rejected, and I finally got the opportunity to do stand-up on Letterman, which holds even more importance for me. With comedians, that's definitely the pinnacle, but being from Indiana, it was a big to-do.
It is clear that we must trust what is difficult; everything alive trusts in it, everything in Nature grows and defends itself any way it can and is spontaneously itself, tries to be itself at all costs and against all opposition. We know little, but that we must trust in what is difficult is a certainty that will never abandon us; it is good to be solitary, for solitude is difficult; that something is difficult must be one more reason for us to do it.
We must love men more than things, and I admire and weep more for the soldiers than for the churches which were only the recording of an heroic gesture which today is reenacted at every moment.
It is better to be early than too late in recognizing the passing of one era, the waning of old investment favorites and the advent of a new era affording new opportunities for the investor.
Experiments in geology are far more difficult than in physics and chemistry because of the greater size of the objects, commonly outside our laboratories, up to the earth itself, and also because of the fact that the geologic time scale exceeds the human time scale by a million and more times. This difference in time allows only direct observations of the actual geologic processes, the mind having to imagine what could possibly have happened in the past.
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